Web
Analytics Made Easy - StatCounter
Film ticket rate cut to Rs 138 as GST wing gets into action - GST Station

Film ticket rate cut to Rs 138 as GST wing gets into action

Film ticket rate cut to Rs 138 as GST wing gets into action

    HYDERABAD: Film buffs have a lot to cheer. Theatres across the city, including Prasads Multiplex, have slashed the ticket rates following a warning from officials of anti-profiteering wing of Hyderabad GST commissionarate. Rates of royal or recliner or VIP or premium or gold seats have been reduced from Rs 250 to Rs 230 and normal or executive ticket price has been cut from Rs 150 to Rs 138.

    While Prasads Multiplex reduced the rates on Friday after submitting a letter, Inox, Cinepolis, Asian Cinemas and PVR had cut the prices on January 7 itself. Some of the theatre owners have agreed to calculate the excess money charged since January 1 and decided to repay it to the consumer relief fund of the anti-profiteering wing.

    Senior officials said GST was reduced from 28% to 18% when the ticket was above Rs 100. GST was cut from 18% to 12% when the entry ticket was equal to Rs 100 or less since January 1. Under section 171 of CGST Act, the reduced benefit on tax should be passed on to moviegoers.

    Sunil Narang of Asian Cinemas told TOI that AMB Cinema at Gachibowli cut the ticket rate from Rs 200 to Rs 185. In the case of theatres where the court order didn’t mention GST, the rate was reduced to Rs 118 to Rs 112. “In case of court orders where Rs 150 was collected, inclusive of GST, we haven’t reduced as GST is not collected separately,” he said.

    Some theatre owners said that there was a lot of confusion on cutting down the rates. A theatre owner on condition of anonymity said: “When GST was increased we didn’t increase the ticket price. Why should we decrease the ticket price when the GST was reduced. The occupancy rate has fallen by 50% in several theatres.”

    He said they could have suffered more losses had it not been for films like ‘Uri.’ “Due to free parking rules, there is no money accruing from parking. The municipal tax has also been increased but our income has dwindled,” he rued.

    Source- Times of India.

COMMENTS

WORDPRESS: 0
DISQUS: 0